Nutanix, Inc. (NASDAQ:NTNX) Trading Down – Insiders Selling, Short Interest Growing

Nutanix, Inc. (NASDAQ:NTNX) trading capacity remained 5.49 million shares during the last session. The stock opened the day at $21.39, and settled at $22.48 by the end to experience a 5.54% change.

Shares of Nutanix Inc. Jefferies Group has a “Buy” rating and a $30.00 price target on the stock. Stifel Nicolaus initiated it with “Hold” rating and $35 target in Tuesday, October 25 report. Credit Suisse Group reissued a “buy” rating and issued a $38.00 price objective on shares of Nutanix in a report on Friday, July 28th. (The) upgraded Nutanix from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Monday, May 22nd. Nutanix presently has an average rating of “Buy” and an average price target of $30.69. Nutanix, Inc. (NASDAQ:NTNX) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. The firm’s market cap is $3.33 billion.

NTNX’s 20 days and 50 days MA (moving average) comparison clear the blur picture. The company rocked its 52-Week High of $46.78 and touched its 52-Week Low of $14.38.

Nutanix (NASDAQ:NTNX) last posted its quarterly earnings results on Thursday, August 31st. Next quarter’s EPS is expected be $-0.28 and the next full year EPS is projected to be $-0.65. Nutanix had a negative net margin of 59.72% and a negative return on equity of 248.46%.

At the close of its first year as a public company, and with $465 million in deferred revenue (a fraction of which must be uprooted to the first quarter of 2018), the enterprise infrastructure equipment maker’s early adoption of these new accounting rules have BTIG analyst Edward Parker saying, “Keep calm and ASC 606 on”. The firm’s revenue for the quarter was up 61.7% compared to the same quarter a year ago.

Analysts are also projecting an Average Revenue Estimate for Nutanix, $244790 in the Current Quarter.

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Also, CFO Duston Williams sold 80,244 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold on August 15th for an average price of $21.43. Legal & General Group Plc now owns 8,801 shares of the technology company’s stock valued at $175,000 after buying an additional 8,530 shares during the period. The lowest price the stock reached in the last trading day was $1.08 and compares with the $0.73 52-week low. The disclosure for this sale can be found here. Public Employees Retirement System of OH now owns 135,605 shares of the technology company’s stock valued at $2,732,000 after acquiring an additional 8,066 shares during the period. Institutional investors own 32.20% of the company’s stock. That brings the Chief Product/Development Ofcr’s holdings to $2,648,812 as recorded in a recent Form 4 SEC filing. FMR LLC raised its position in shares of Nutanix by 320.6% during the 2nd quarter. Over the last quarter, insiders have sold 2,243,967 shares of company stock valued at $47,263,903. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $27.00 price target on shares of Nutanix in a research note on Tuesday, May 30th. Fairfield Bush & CO. acquired a new stake in Nutanix during the second quarter worth approximately $2,760,000. Legal & General Group has an ownership of 8,801 stocks of the technology firms shares valued $175,000 following acquiring an extra 8,530 shares through out the previous quarter, SG Americas Securities purchased a fresh position in Nutanix in the 2nd valued at roughly $186,000.

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